Reliance Jio Reportedly Testing JioCoin on Polygon Blockchain

• Jio is testing a new cryptocurrency called JioCoin on the Polygon blockchain, though it has not officially confirmed it yet.

• Jio partnered with Polygon Labs and Aptos in 2025 to bring Web3 features and blockchain rewards to over 500 million users.

• About 9.4 million users are already testing Jio’s blockchain rewards program, making it one of the biggest telecom Web3 projects, according to reports from Polygonscan and Aptos Labs.

Discover how Reliance Jio’s JioCoin test on Polygon could revolutionize Web3 for 500M+ users. Explore partnerships, rewards, and implications in this in-depth analysis. Stay ahead in crypto news!

What is JioCoin and How Does It Relate to Reliance Jio’s Blockchain Initiatives?

JioCoin is an emerging cryptocurrency reportedly being tested by Reliance Jio Platforms Ltd., India’s leading telecom provider, on the Polygon blockchain. This development builds on Jio’s strategic partnerships announced in 2025 with Polygon Labs for Web3 integration and Aptos for a subscriber rewards program. While Jio has not made an official announcement, on-chain evidence suggests early testing phases aimed at enhancing user engagement through blockchain rewards.

The initiative reflects Jio’s broader push into decentralized technologies, leveraging Polygon’s scalable infrastructure to potentially tokenize rewards for its vast user base. Experts note that such a move could democratize access to crypto in India, where regulatory caution has historically limited mainstream adoption.

How Are Jio’s Partnerships with Polygon and Aptos Driving JioCoin Development?

Reliance Jio’s collaboration with Polygon Labs, initiated in January 2025, focuses on embedding Web3 functionalities into Jio’s ecosystem, serving over 450 million customers. Polygon, known for its efficient layer-2 scaling solutions, provides the low-cost, high-speed environment ideal for mass adoption. Kiran Thomas, CEO of Jio Platforms Ltd., emphasized in statements that this partnership represents a “significant milestone in Jio’s journey towards digital excellence,” highlighting opportunities to deliver innovative digital experiences.

Complementing this, Jio’s October 2025 alliance with Aptos introduces a blockchain-based rewards platform. With Aptos’s proof-of-stake mechanism enabling fast transactions—averaging under one second at minimal fees—the system supports rewards redeemable for real-world benefits like data credits or service discounts. Currently, the beta program boasts 9.4 million active users, underscoring its scale. Aptos Labs contributes technical expertise to ensure scalability for Jio’s subscriber base, positioning it as one of the largest blockchain deployments in telecom.

Blockchain developer Aishwary confirmed the JioCoin test on X, pointing to a Polygonscan screenshot revealing an ERC-20 token with varying supply figures, indicative of ongoing experimentation. The post stated: “Jio team. — Aishwary (@0xAishwary) December 6, 2025.” This activity aligns with Jio’s Web3 ambitions but remains unverified officially, prompting caution amid India’s history of cryptocurrency scams.

From a technical standpoint, Polygon’s ecosystem supports ERC-20 standards, allowing JioCoin to integrate seamlessly with existing wallets and decentralized applications. Data from Polygonscan shows initial token minting events, though supply details fluctuate, suggesting iterative development. Industry analysts, citing sources like CoinMarketCap and blockchain explorers, estimate that successful rollout could process millions of transactions daily, rivaling traditional payment networks.

Regulatory context is crucial: India’s evolving crypto framework, influenced by the 2022 taxation regime, encourages utility-driven tokens like JioCoin over speculative assets. Jio’s approach emphasizes practical rewards, reducing volatility risks. Experts from Blockchain Council have noted that telecom-led initiatives could bridge the digital divide, with Jio’s infrastructure reaching rural areas where 40% of India’s population resides, per government statistics.

Frequently Asked Questions

What is the Current Status of JioCoin Testing on Polygon?

JioCoin is in early testing on the Polygon blockchain, as evidenced by on-chain transactions spotted on Polygonscan. Blockchain developer Aishwary highlighted this via a shared screenshot showing an ERC-20 token setup. While Jio has not confirmed, it aligns with their 2025 Web3 partnerships, focusing on rewards rather than trading.

Can Jio Subscribers Access Blockchain Rewards Through Aptos Now?

Yes, over 9.4 million Jio subscribers are participating in the beta rewards program powered by Aptos. Users earn tokens for activities like bill payments or app usage, redeemable for telecom perks. This initiative, launched in October 2025, uses Aptos’s efficient blockchain to handle high volumes securely and affordably.

How Might JioCoin Impact Crypto Adoption in India?

JioCoin could significantly boost crypto adoption by integrating it into everyday telecom services for 500 million users. Tied to real utility like rewards, it sidesteps speculation. With Jio’s reach, it may educate masses on blockchain, though official launch depends on regulatory approval and testing outcomes.

Key Takeaways

• Jio’s Web3 Expansion: Partnerships with Polygon and Aptos position Jio as a telecom pioneer in blockchain, targeting scalable rewards for millions.
• Early Testing Evidence: On-chain activity on Polygon confirms JioCoin development, though unannounced, emphasizing caution in India’s crypto landscape.
• User Impact: With 9.4 million beta users, JioCoin could enhance loyalty programs, driving mainstream blockchain use—monitor for official updates.

Conclusion

Reliance Jio’s reported testing of JioCoin on the Polygon blockchain marks a pivotal step in integrating Web3 into telecom, bolstered by 2025 partnerships with Polygon Labs and Aptos. This could transform subscriber rewards into tokenized assets, fostering broader crypto adoption in India while prioritizing utility over speculation. As development progresses, Jio’s initiatives promise to reshape digital services—stay informed for potential announcements that could redefine accessibility in the blockchain era.

Blockchain developer Aishwary confirmed the test, linking it to early JioCoin activity spotted on the Polygon network.

Key Highlights

• Jio is testing a new cryptocurrency called JioCoin on the Polygon blockchain, though it has not officially confirmed it yet.
• Jio partnered with Polygon Labs and Aptos in 2025 to bring Web3 features and blockchain rewards to over 500 million users.
• About 9.4 million users are already testing Jio’s blockchain rewards program, making it one of the biggest telecom Web3 projects.

Reliance Jio Platforms Ltd. (JPL), India’s largest telecom operator, is reportedly testing a new cryptocurrency called JioCoin (JIO) on the Polygon blockchain.

Blockchain developer Aishwary confirmed this on X after a shared screenshot on Polygonscan showed an ERC-20 token with different supply figures, suggesting the token is still in early testing or has different versions.

Jio team.

— Aishwary (@0xAishwary) December 6, 2025

This is linked back to Jio’s partnerships earlier in 2025 with Polygon Labs for Web3 services and with Aptos for a blockchain-based rewards program for subscribers. Jio has not officially announced JioCoin, which makes people cautious amid past crypto scams in India.

Jio’s push into Web3 with Polygon and Aptos

In January 2025, Jio partnered with Polygon Labs to bring Web3 features to its apps and services, which are used by over 450 million customers. At the time, Kiran Thomas, CEO of JPL, said that “Joining forces with Polygon Labs marks a significant milestone in Jio’s journey towards digital excellence. We are excited to explore the boundless possibilities of Web3 and bring unparalleled digital experiences to our users.”

In October 2025, Jio also partnered with Aptos to create a blockchain-based rewards platform for over 500 million subscribers. The beta program already has about 9.4 million users and provides practical, real-world rewards through Aptos’s fast and low-cost blockchain, not just speculative digital coins. Aptos Labs is helping with the technical setup to make sure the system can handle millions of users. This is one of the largest uses of blockchain technology by a telecom company so far.

What JioCoin could mean for everyday users

Jio has been investing in digital services for several years, which has helped it maintain a strong position in India’s telecom sector. Even though the price of Aptos coins has not changed much recently, the rewards platform lets Jio expand its digital ecosystem and reach everyday users through its normal telecom services.

If JioCoin becomes official, it could be a big step for the crypto market in India. Jio would be the first telecom operator to implement blockchain rewards in the Web3 era. Also, millions of Jio subscribers would be the target audience of the JioCoin.

Also Read: French Bank BPCE Integrates Crypto Trading for Customers

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